Jeff, that's true so far as it goes, but fraud is a criminal complaint, while trademark infringement is a civil cause of action - you do understand the difference, right? And not only is the burden of proof reduced in civil court (...beyond a reasonable doubt... is relaxed to ...the preponderance of the evidence supports...), but they don't have to show intent - even inadvertent infringement is actionable.
SO while you can't go to jail (the result of a criminal prosecution) for infringement, you can end up owing the plaintiffs your next 30 years salary. Did you guys miss the whole Monster Cable campaign of terror - they shut down all kinds of people without even haviing a case!! How long are you going to last if Hoshino decides to make an example of you? Anybody fancy a quick trip out to California (at your own expense) to answer a complaint in civil court?
This is ludicrous - I don't care if you cheat on your taxes, lie to your girlfriend about leaving your wife, or steal from the collection plate, because that's your own karma, and none of my business, but the fact that something feels OK to you doesn't make it any less illegal. If you can get right wih it, go for it, but be aware that there could be consequences.
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If you haven´t noticed...buckethead's from australia...I'm not sure about these specific laws...but you do know that american laws don't apply to the rest of the world right..?